Highland Capital Management offers reasonable access to some of its best venture ideas, curated by Dondero, using the $894 million Highland Global Allocation Fund (ticker: HCOAX). Over the last few years, the fund has surged to 29.6% and sits in Morningstar’s world allocation category. However, it has a very little comparison to most of its peers. This fund holds just under 200 securities in contrast of the ordinary world allocation fund, which holds nearly 400 securities. The initial focus of High Capital was credit. However, in 1996, they organized one of the main non-bank loan obligations. Later on, they ventured into different areas in the options space, founding their first mutual fund in 2000.
Career Journey and Accomplishments
As the president and also the pioneer of Highland Capital Management, James Dondero has several responsibilities. He currently resides in Dallas TX. He mainly administers Highland Capital’s venture approaches and activities for both institutional and retail products at Highland. Moreover, James also serves as the current head of the Board for Cornerstone Healthcare, Nexbank, and CCS Medical Corporation. He is also a member of the board of directors at Metro-Goldwyn-Mayer and American Banknote. His involvement in credit markets traverses nearly 30 years and it comprises one of the co-founders of the Collateralized Loan Obligation (CLO).
Capital related to his administration have gotten various accolades and honors all through his profession. Some of the awards include the Lipper Award for Floating Rate Opportunities in 2014, Morningstar’s #1 position Healthcare Long/Short Equity Fund in 2014 and Morningstar’s 5-star assignment for Global Allocation in 2014. Dondero initially served at Protective Life’s GIC auxiliary as the chief investment officer. Within a span of five years, Dondero grew the business from start-up to $2 billion. From 1985 to 1989, Dondero worked in American Express where he oversaw around $1 billion in fixed income funds.
He has a Bachelor of Science in Commerce from the University of Virginia where he focused on Accounting and Finance. Also, he is a Certified Management Accountant (CMA) and he got the honor to utilize the Chartered Financial Analyst (CFA) assignment. Read full article : Here.